Bill
Housing Investment Probity Bill 2024
lapsed, as at 2026-03-26.
- Sponsor
- Bragg
- Portfolio
- Not recorded
Recorded stages
- introduced — 2024-08-21
- second reading — 2024-08-21
- other — 2025-07-21
- other — 2025-07-23
- second reading — 2025-07-24
- second reading — 2025-07-24
- second reading — 2025-07-30
- second reading — 2026-03-26
- second reading — 2026-03-26
Divisions
- The majority voted against a [motion](https://www.openaustralia.org.au/senate/?id=2024-09-11.131.2): > *That the [Housing Investment Probity Bill 2024](https://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=s1427) be referred to the Economics Legislation Committee for inquiry and report by 1 November 2024.* This means that the bill will not be referred. — 2024-09-11, Senate: negative, ayes 32, noes 33
- The majority voted against a [motion](https://www.openaustralia.org.au/senate/?id=2026-03-26.8.1) to agree with the main idea of the bill. In other words, they voted against reading the bill for a second time. This means the bill will not be considered any further. ### What does this bill do? According to the [explanatory memorandum](https://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;query=Id:legislation/billhome/display.w3p;query=Id%3A%22legislation%2Fems%2Fs1427_ems_a1c1a9ce-0e44-4477-a2d7-b74f09a1a131%22;rec=0), which is a document prepared by the party introducing the bill (in this case, the Coalition Party): > *This Bill would amend the Housing Australia Future Fund Act 2023 to prohibit the Housing Australia Future Fund (HAFF) from investing in housing-related assets or entities financed by Cbus Super.* > > *By inserting an additional limitation in the HAFF’s governing legislation, this Bill will prohibit investments into potential housing-related projects that Cbus has or will invest in.* > > *Cbus’ formal and legal affiliation with the CFMEU has made it an untenable party with which to do government business.* > > *Allowing Cbus and its affiliate union, the CFMEU, to participate in the HAFF further risks the integrity of taxpayer funds.* > > *The CFMEU currently has three board members on the Cbus board. This includes CFMEU National Secretary Dave Noonan, who is also on the board of Cbus Property. Following allegations of thuggery, organised crime and corruption, no steps have been taken at Cbus to remove those board members.* — 2026-03-26, Senate: negative, ayes 26, noes 36
Plain-language summary
Written by a model from the explanatory memorandum; not the record, as at 2024-08-21.
This bill would stop the Housing Australia Future Fund from putting money into housing assets or projects that the super fund Cbus is involved with.
It does this by adding new restrictions to the Housing Australia Future Fund Act 2023 that block investments linked to Cbus or the CFMEU union.
The ban would apply only while the CFMEU is under administration, and existing investments made before that time would not be affected.
- Prohibits the Housing Australia Future Fund from investing in housing-related financial assets if Cbus has invested or will invest in them.
- Defines the CFMEU being under administration as a prohibited time for such investments.
- Exempts investments made before the CFMEU was under administration from the prohibition.
The Housing Australia Future Fund, Cbus Super, and the CFMEU are affected by this bill.
Sources
em
billhome